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- Nick Spoliar
Audio Note: Spectra Systems - Catching up on SPSY a week after the res...
In this audio note, Zeus’ Nick Spoliar summarises the investment case for Spectra Systems. Strong H1-25 results from SPSY last week leave FY25E very well underpinned; FY26E saw forecast reductions on unexpected delays, but the structural case remains strong; plus significant cash inflows are imminent.
- Hybridan Team
- Jon Levinson
Hybridan Small Cap Feast: 29/09/2025
29th September 2025 @HybridanLLP * A corporate client of Hybridan LLP. ** Potential means Intention to Float (ITF) or similar announcement has been made. ***Arranged by type of listing and date of announcement. ****Alphabetically arranged and priced on Share Price and Market Capitalisation during the time of writing on the day of Publication. Dish of the day Admissions: None Delistings: Lifesafe Holdings (LIFS.L) has left AIM What’s bakin...
- Nick Spoliar
Spectra Systems (SPSY LN) - Excellent H1 results; poised for cash infl...
Excellent H1 results from SPSY this morning show revenues and profits strongly ahead and more than half of FY25E forecasts already achieved, providing a high level of confidence about CY forecasts. The company is a key innovator and established global leader in security technology, including software and advanced materials, to be used in banknotes, product authentication, security printing and gaming. Adj. EBITDA up 101% YoY and PBTA up 130% on revenues which have risen by 54% reflect strong pro...
- Nick Spoliar
Spectra Systems (SPSY LN) - Stellar year underpinned by sensor surge -...
With revenues and profits ahead YoY by c.143% and 47% (adj. PBT) respectively, SPSY’s FY24A results this morning are a strong statement of the robust growth and momentum of its business underpinned by the latest and substantial, $US39.6m, sensor manufacturing contract. This continues a multi-decade succession of such renewals with a client of exceptional quality, and affirms again the company’s market-leading technology and its ongoing attractions. Covert materials sales have reverted to positiv...
- Hybridan Team
- Jon Levinson
Hybridan Small Cap Feast: 06/02/2025
Our daily digest of news from UK Small Caps @HybridanLLP 6th February 2025 * A corporate client of Hybridan LLP ** Potential means Intention to Float (ITF) has been announced, or it is a rumour ***Arranged by type of listing and date of announcement ****Alphabetically arranged Share prices and market capitalisations taken from the current price on the day of publication Dish of the day Admissions: Delistings: What’s baking i...
- Matthew Davis
Spectra Systems (SPSY LN) - Momentum continuing to build
Following on from the major new contract announcement from SPSY eight weeks ago, this morning’s results show more than half the forecast FY24 profits already achieved in H1 and confirmation of ongoing momentum including new polymer opportunities. SPSY is an established world leader in providing security technology that includes software and advanced materials for use in banknotes, product authentication, security printing and gaming. The 96% YoY lift to revenues in part reflects the impact of th...
- Matthew Davis
Spectra Systems (SPSY LN) - Sensor contract drives double-digit upgrad...
Today’s announcement from SPSY confirming a major new contract with a significant existing central banking customer (partly anticipated in our forecasts) provides further affirmation of the company’s strong technology and close relationships with globally prominent clients. While foreshadowed in earlier announcements, the sensor contract is, however, expected to be considerably more profitable in its totality than previously anticipated. SPSY is an established world leader in providing security...
Hybridan Small Cap Feast - 15 July 24
15th July 2024 * A corporate client of Hybridan LLP ** Arranged by type of listing and date of announcement *** Alphabetically arranged **** Potential means Intention to Float (ITF) has been announced, or it is a rumour Dish of the day Admissions: None Delistings: Superdry (SDRY.L) has left the Premium Segment of the Main Market. What’s baking in the oven? ** Potential**** Initial Public Offerings: ITF announced: 8th July 2024: Rome Resources: The Canada-based early-stage resource exploration Co...
Hybridan Small Cap Feast - 03 Apr 24
3rd April 2024 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment objecti...
Hybridan Small Cap Feast - 4 Dec 2023
4th December 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment obje...
Hybridan Small Cap Feast - 25 Sep 23
25th September 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment ob...
Spectra Systems Corp: 1 director sold
A director at Spectra Systems Corp sold 35,670 shares at 120p and the significance rating of the trade was 69/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly...
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